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Vehicle Sales Insurance

From a ‘one-man-band’ used car salesman trading from a home address to a sparkly new showroom, if you buy and sell vehicles, you need to ensure that you have the correct vehicle sales insurance cover in place. We can even arrange competitive Car Dealer at Home Insurance too. Get a Car Sales Insurance quote now!

What is Vehicle Sales Insurance?

Vehicle sales insurance, also known as car dealer insurance or motor dealer insurance, is designed to protect auto dealers when they sell new or second-hand vehicles. Car dealer insurance is a type of auto-trader insurance that includes special provisions for vehicle stock, tools and equipment, machinery, dealer premises and other risk factors likely to influence car dealerships.

Car dealerships can easily get caught out by a lack of insurance or significant gaps in coverage. While typical motor trade policies provide a number of coverage options, motor dealers require an extra level of protection that has been tailored to their business model. For example, car dealerships need to protect their vehicle stock from loss or damage, and their customers and employees from liability. This is why a vehicle sales insurance policy is most suitable.

Allowing customers to test-drive vehicles is a crucial part of day-to-day operations for a car dealership, with accompanied demonstration coverage also needed. Depending on the business in question, it may also make sense to take out vehicle in transit cover, loss of income insurance, and other measures that protect you and your customers. To ensure protection, it’s important to speak with an expert car sales insurance broker who can arrange a dedicated vehicle sales insurance policy.

Who needs Vehicle Sales Insurance?

Motor dealer insurance is recommended for any commercial business that is involved in the sale of new or second-hand vehicles. Whether you’re selling a few cars on a part-time basis or operating a fully-fledged dealership with hundreds of vehicles, it’s essential to get the coverage that your business deserves. Dealer insurance needs to be flexible, affordable, and able to protect you against all possible contingencies. We can also offer great rates for Car Dealer at Home Insurance.

1st Choice Insurance provides a range of coverage options for car dealerships across the UK, with individual traders able to tailor contracts to meet their needs. Typical Vehicle Sales Insurance coverage options include business premises insurance, vehicle stock protection, road risk cover, tools and equipment insurance, public liability, employers’ liability, loss of income insurance, accompanied demonstration insurance and much more.

Benefits of Vehicle Sales Insurance

Dealership insurance is a crucial part of running a successful business. While you can always take out individual insurance contracts, this way of working can be expensive, complex, and highly risky. Dedicated car dealer insurance combines a range of protections under a single umbrella, which makes it easier for you to get insured than ever before. Here at 1st Choice Insurance, we provide a range of vehicle sales insurance coverage options to meet the demands of dealerships across the UK.

How does Insurance for Dealerships work?

At 1st Choice Insurance, we understand that every business is different and so are its needs. That’s why we always work to provide bespoke Vehicle Sales Insurance policies to cover each business. Dealership insurance works by covering the things that matter. These are:

  • Garage stock: This could be loss or damage to vehicles on display.
  • Road Risks: This covers the use of vehicles on the road for motor trade purposes such as test drives.
  • Goods in Transit: Covers any stock that may be in transit such as tools.
  • Contents Insurance: Covers contents of buildings from furnishings to cash on premises.
  • Public Liability Insurance: Covers possible accidents from the public on your premises.
  • Employers Liability Insurance: Required by law from all employers.

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What Dealer Insurance Policies can we offer?

There are a wide variety of options to choose from. At 1st Choice Insurance, our team will use their specialist knowledge of the Vehicle Sales Insurance market to ensure you get the cover you need at the right price. We can advise on the best level and type of vehicle sales insurance cover, including:

Road Risks Insurance Cover – this is the most basic level of cover for motor trade and allows you to drive any of your own personal vehicles, and, for motor trade purposes only, customer vehicles. There are three levels of cover to choose from: Comprehensive, Third Party Fire & Theft and Third Party Only. You can also cover trade plates, additional business occupation and demonstration cover.

Combined Motor Traders Insurance – does what it says on the tin! This is Road Risks Cover plus a tailored range of additional insurances to protect a business/trader in the event of a claim or loss. This type of insurance is very much dependent on the individual business. Types of cover you may wish to consider could include:

  • Employers Liability
  • Public Liability
  • Professional Liability
  • Sales & Service Liability
  • Engineering Inspection
  • Stock
  • Uninsured Loss Recovery
  • Defective Workmanship
  • Variable levels of indemnity
  • Additional use for other business occupations
  • Premises, plant and tool cover (including on-premises cash, stock, office contents, machinery, tools, buildings)
  • Business Interruption
  • Goods in Transit
  • Own vehicle cover

If you are buying and selling vehicles, we’ll also instruct you in how to use the MID to update the database as necessary with any purchases or remove vehicles that have been sold. It’s a quick and easy process that ensures you are only responsible for the vehicles that you have registered.

Benefits of our Car Sales Insurance

We compare motor trade policies from the leading UK insurance providers to make sure we find the best vehicle sales insurance cover on the market for the lowest possible price.

  • Access to a wide range of bespoke policies.
  • We compare insurance quotes to find you the best one, so you don’t have to.
  • Experienced specialist motor trade broker.
  • Documentation issued by email and post (if required).
  • A dedicated staff team for all your policies.
  • Great savings on your insurance premiums.
  • Quotations over the phone.
  • Instant insurance cover

Get a Vehicle Sales Insurance quote

If you’re a dealership and are looking for a cheap dealership insurance quote, 1st Choice Insurance is here to help. Call our friendly, experienced team on 0800 078 7003 – 0300 600 0603 for a no obligation vehicle sales insurance quotation or use our Get a Quote Form.